Course Content
Why Should You Attend
This IFRS 17 Course includes modules which will introduce you to the main concepts of the new IFRS standards for insurance contracts, as well as going into more depth in topics such as presentation and disclosure, Solvency II and measurement models. There are also practice cases so you can build on the foundational knowledge you learn.
IFRS 17 Insurance Contracts is the first truly international accounting standard for insurance contracts. The importance of this Standard is that it is not just limited to the insurance industry but may be a trigger for transactions in other industries that meet the definition of an insurance contract.
Effective for annual reporting periods beginning on or after 1 January 2023, IFRS 17 replaces IFRS 4 and sets out principles for the recognition, measurement, presentation and disclosure of insurance contracts.
Understanding the requirements of IFRS 17, Insurance Contracts, will establish a strong foundation in insurance contract accounting under IFRS Standards. Gain the basic knowledge and practical guidance necessary for competent work in this specialized field.
Course Outcomes
By completing this course, you will be able to:
- Have an understanding of the scope and full definitions of insurance contracts.
- Be able to identify whether you are subject to the standard and which of your transactions will be relevant.
- Fully understand all the mechanics of accounting for insurance contracts.
- Confidence in applying the correct measurement models to insurance contracts.
- Have an awareness of the disclosure requirements prescribed by the Standard.
- Recognize the need for specific financial reporting standards for insurance contracts.
- Identify the key elements of IFRS 17 and the common contract types to which it applies.
- Select the appropriate methodology to measure value and recognize profit and loss for insurance contracts under IFRS 17.
Target Audience
- Those directly involved in insurance companies, including those working with insurance contracts or reinsurance contracts, can benefit greatly.
- Accounting, finance, and insurance professionals who are new to IFRS 17, Insurance Contracts, and who are working toward completing the IFRS certificate.
- Professionals who are interested in learning more about international financial reporting standards as they apply to insurance contracts.
The course provides valuable knowledge about applying IFRS standards to insurance contracts, making it beneficial for anyone interested in this area.
Venue & Dates
Venue: Pretoria
Date: 22 – 25 July 2025
Course Fee
R12 999.00
